Latest real-estate & development news and updates
A recent study highlights the significant challenges Honolulu residents face in affording mortgage payments, with rising interest rates and high home prices creating a difficult environment for potential homeowners. The report underscores the need for proactive measures to address the city's housing affordability crisis.
Hawaii County officials convened a closed-door meeting to discuss proposed adjustments to the county's affordable housing regulations. The changes, currently under review, could significantly affect developers, investors, and residents seeking affordable housing opportunities within the county.
A devastating early morning fire ripped through downtown Hilo today, destroying four buildings on Kinoole and Keawe streets. The incident has significant implications for local businesses, the real estate market, and the overall economic vitality of the Big Island's commercial center.
A major fire in downtown Hilo early today destroyed four buildings on Kinoole and Keawe streets, causing significant damage and raising concerns for local businesses and the future of development in the area. This latest incident adds to a string of recent structure fires on the Big Island, prompting investigations and raising questions about safety and recovery.
Hawaii County is holding a public summit to discuss proposed changes to its affordable housing rules, presenting both challenges and opportunities for local entrepreneurs, investors, and the real estate market. The revisions could significantly impact development projects and the availability of affordable housing options.
The Honolulu Department of Planning and Permitting (DPP) is temporarily closing its Building Permit counter for a week to address a significant backlog in the prescreening process. This pause is expected to impact construction timelines and costs for businesses and property owners across Oahu.
Coastal property transactions in Hawaii are becoming increasingly complex due to the looming threat of sea-level rise and the impact of tariffs, according to Norman Cheng, an attorney at Starn O'Toole Marcus & Fisher. These factors are reshaping the landscape for investors, developers, and homeowners, adding layers of due diligence and risk assessment to real estate deals.
Hawaii's kauhale initiative, expanding communal living spaces for those experiencing homelessness, has provided over 900 new beds and supportive services statewide. While the program celebrates successes in providing shelter and stability, its growth also attracts attention regarding its long-term cost-effectiveness and management.
Affordable housing is becoming increasingly unaffordable for Hawaii's most vulnerable populations, as evidenced by drastic rent hikes in low-income housing complexes. This trend places significant strain on residents, requiring immediate economic and policy-based solutions.
The Department of Hawaiian Home Lands (DHHL) has acquired an 82-unit apartment complex on Kauai for $44 million, marking a significant step in providing affordable housing for Native Hawaiian beneficiaries through a rent-to-own program. This initiative represents DHHL's first foray into such a program, offering a pathway to homeownership for eligible residents.
Governor Josh Green's advisory committee on military land leases held its inaugural virtual meeting, signaling the beginning of potentially complex negotiations with the U.S. Army. The decisions made will have significant implications for local businesses, real estate, and the broader economic future of Hawaii.
Despite economic uncertainties, Maui's construction sector shows remarkable strength, with robust spending driven primarily by single-family housing projects. This trend, coupled with ongoing recovery efforts, presents both opportunities and challenges for investors, developers, and local businesses in the region.
The Honolulu Department of Planning and Permitting (DPP) will temporarily close its permit counter next week to address a backlog of over 800 projects awaiting initial review. This closure highlights the persistent challenges facing construction and development in Honolulu, directly impacting businesses and investors.
Hawaii's construction industry is undergoing a significant transformation, with private projects now leading the way, a stark contrast to the sector's previous reliance on public works. This shift presents both opportunities and challenges for local businesses, investors, and the overall economic landscape.
EAH Housing has been selected to redevelop the Iwilei Center, a nearly four-acre parcel in Honolulu, into a mixed-income, transit-oriented development. The project includes affordable and workforce housing, aligning with the city's broader strategy to revitalize the Iwilei-Kapalama district.
The Honolulu Department of Planning and Permitting (DPP) is temporarily closing its building permit counter for a week to address a significant backlog that has accumulated since the implementation of a new software system. While the counter is closed, online application submissions will continue to be accepted, aiming to mitigate the disruption to construction and development projects across Oahu.
A new report highlights a recent decrease in public-sector construction projects in Hawaii, even as the overall construction industry demonstrates growth. This shift could impact various stakeholders, including construction firms, investors, and the state's economic outlook.
The Hawaii construction industry is experiencing changes as public-sector projects decline, according to a recent report. This shift impacts local businesses and professionals involved in construction and related fields, necessitating adaptation and strategic planning.
The Kohanaiki private club community on the Kona Coast has launched sales of new luxury townhomes, presenting a significant investment opportunity in Hawaii's high-end real estate market. The development, with townhomes priced at $4.9 million, reflects the continued demand for upscale living in the Islands.
The County of Hawaiʻi, through its Office of Housing and Community Development, has acquired the Dolphin Bay Hotel in Hilo with the goal of converting it into 18 affordable rental units. This initiative, funded by federal resources, aims to address the critical need for affordable housing on Hawai'i Island and offers a glimpse into how the state is tackling the housing crisis.